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Have UK interest rates peaked?
Last week saw inflation and interest rates take centre stage as the latest figures were released. Forecasts at the beginning of the week showed that August inflation was expected to accelerate to 7% from a prior reading of 6.8% in July, with economists attributing the acceleration to rising fuel prices. However, August inflation came in weaker than expected at 6.7% alongside a much softer core inflation figure of 6.2%, compared to a consensus
forecast of 6.8%. The Office for National Statistics (“ONS”) said that the largest downward contribution came from food prices and accommodation services, which offset fuel price increases. This inflation reading led to a shift in momentum from consensus expectations for an interest rate hike, as markets priced in less than a 50% probability of a 0.25% rate rise compared to previous forecasts which anticipated there would be a quarter percent increase....
Stocks featured:
JD Sports Fashion, Dunelm Group and Halma
To find out more about the investment management services offered by Walker Crips, please visit our website:
https://www.walkercrips.co.uk/
This podcast is intended to be Walker Crips Investment Management’s own commentary on markets. It is not investment research and should not be construed as an offer or solicitation to buy, sell or trade in any of the investments, sectors or asset classes mentioned. The value of any investment and the income arising from it is not guaranteed and can fall as well as rise, so that you may not get back the amount you originally invested. Past performance is not a reliable indicator of future results. Movements in exchange rates can have an adverse effect on the value, price or income of any non-sterling denominated investment. Nothing in this podcast constitutes advice to undertake a transaction, and if you require professional advice you should contact your financial adviser or your usual contact at Walker Crips. Walker Crips Investment Management Limited is authorised and regulated by the Financial Conduct Authority and is a member of the London Stock Exchange.
Hosted on Acast. See acast.com/privacy for more information.
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By Walker Crips Investment Management Limited
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Last week saw inflation and interest rates take centre stage as the latest figures were released. Forecasts at the beginning of the week showed that August inflation was expected to accelerate to 7% from a prior reading of 6.8% in July, with economists attributing the acceleration to rising fuel prices. However, August inflation came in weaker than expected at 6.7% alongside a much softer core inflation figure of 6.2%, compared to a consensus
forecast of 6.8%. The Office for National Statistics (“ONS”) said that the largest downward contribution came from food prices and accommodation services, which offset fuel price increases. This inflation reading led to a shift in momentum from consensus expectations for an interest rate hike, as markets priced in less than a 50% probability of a 0.25% rate rise compared to previous forecasts which anticipated there would be a quarter percent increase....
Stocks featured:
JD Sports Fashion, Dunelm Group and Halma
To find out more about the investment management services offered by Walker Crips, please visit our website:
https://www.walkercrips.co.uk/
This podcast is intended to be Walker Crips Investment Management’s own commentary on markets. It is not investment research and should not be construed as an offer or solicitation to buy, sell or trade in any of the investments, sectors or asset classes mentioned. The value of any investment and the income arising from it is not guaranteed and can fall as well as rise, so that you may not get back the amount you originally invested. Past performance is not a reliable indicator of future results. Movements in exchange rates can have an adverse effect on the value, price or income of any non-sterling denominated investment. Nothing in this podcast constitutes advice to undertake a transaction, and if you require professional advice you should contact your financial adviser or your usual contact at Walker Crips. Walker Crips Investment Management Limited is authorised and regulated by the Financial Conduct Authority and is a member of the London Stock Exchange.
Hosted on Acast. See acast.com/privacy for more information.